Tag: stocks

February 5, 2024

Asian shares edged up on Tuesday thanks to a bounce in battered Chinese markets, although investors were cautious after a slide on Wall Street amid diminishing expectations of a near-term Federal Reserve rate cut, which in turn underpinned the dollar. […]

February 1, 2024

The Federal Reserve concluded earlier this week its first meeting of 2024, voting to maintain its policy settings unchanged. The FOMC also abandoned its tightening bias, but indicated it will not rush to cut borrowing costs. Chairman Powell went a […]

January 31, 2024

​The tech giant saw a staggering 194% jump in its stock price in 2023, a testament to the company’s robust performance in key areas such as user growth, engagement, and monetization—all achieved with a leaner operation. ​The surge in Meta’s […]

January 26, 2024

US core PCE showed good progress towards the Fed reaching its desired level of inflation after printing its lowest since figure since Q1 2021. The Fed’s 2% target however, is attached to the PCE Price Index which revealed the difficulty […]

January 23, 2024

After falling to multi-week lows last Wednesday, gold has recovered some ground in recent days; however, the rebound appears to be losing momentum, with prices approaching trendline resistance at $2,040. To gauge the future direction, it’s vital to see how […]

January 22, 2024

In the rapidly evolving online grocery sector, Instacart (NASDAQ:CART), operating under the ticker EXCHANGE:CART, has garnered significant attention from Wall Street analysts. These industry experts have been closely monitoring the company’s performance, market trends, and potential impacts of external factors […]

January 22, 2024

In the world of athletic apparel and footwear, few names carry the weight and recognition of Nike , Inc. (NYSE: NYSE:NKE). With a history of dominating the market through innovation and strategic branding, Nike has become synonymous with sports and […]

January 19, 2024

Shiba Inu currently displays an ascending triangle pattern on the SHIB/USDT chart. This technical formation is widely recognized and could be a signal to a significant price surge for the meme. An ascending triangle is characterized by a flat upper […]

January 18, 2024

The US dollar has staged a solid rebound recently as traders have scaled back bets on how much the Fed will slash borrowing costs in 2024. A couple of weeks ago, markets were largely convinced that the U.S. central bank […]

January 17, 2024

Crude oil prices fell by more than a dollar per barrel on Wednesday as China’s growth data disappointed, raising more worries about end-demand for energy. The world’s number two economy expanded by an annualized 5.2% in the final quarter of […]

January 12, 2024

Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what the company reported compared to Wall Street expectations, according to LSEG, formerly known as Refinitiv: Earnings per share: 70 cents, […]

January 10, 2024

The end of 2023 and the start of 2024 presents an environment that is broadly supportive of gold prices. Interest rates are expected to be cut back aggressively, as such, the US dollar and Treasury bond yields have been in […]

January 9, 2024

France stocks were mixed after the close on Tuesday, as gains in the Consumer Services, Healthcare and Industrials sectors led shares higher while losses in the Oil & Gas, Basic Materials and Aerospace & Defense sectors led shares lower. At […]

January 4, 2024

Asian stocks wobbled on Friday, keeping global equities on track to snap a nine-week winning streak, while the dollar was poised for its strongest weekly advance since mid-July as bets on aggressive Federal Reserve rate cuts were rolled back. MSCI’s […]

January 3, 2024

A bearish report by crypto financial services company Martixport is said to be behind the sharp sell-off in Bitcoin. The report suggested that despite all the recent meetings between ETF applicants and SEC staff, and subsequent amendments, all applications will […]

January 3, 2024

Europe’s benchmark stock index dropped to a three-week low in a broad-based sell-off on Wednesday, testing 2023’s rally spurred by hopes of major central banks pivoting to easier monetary policy this year. The pan-European STOXX 600 ended 0.9% lower, hitting […]

January 2, 2024

The US dollar, as measured by the DXY index, started the new year on the front foot, rising for the third consecutive session, supported by a rebound in U.S. Treasury yields, with the 10-year note up 7 bp to 3.93%. […]

January 2, 2024

Most Asian stocks fell on Wednesday, tracking steep overnight losses on Wall Street as markets second-guessed expectations for early interest rate cuts by the Federal Reserve, especially before more key economic cues this week. Concerns over slowing growth in China […]

December 29, 2023

Leaps in healthcare technology continue to benefit humankind: from the advent of the X-ray in the 19th century to dialysis, CT, MRI, and other machines in the 20th century, to a new breadth of digital tools in this era. Perhaps […]

December 28, 2023

Crude futures lost over 10% in 2023 in a tumultuous year of trading marked by geopolitical turmoil and concerns about the oil output levels of major producers around the world. Brent crude on Friday, the last trading day of the […]